Dispelling the myths of incorporation
Dispelling the myths of incorporation
On average we see tax savings of around £20,000 per year for each client.
February 23, 2023

This week, Ross catches up with Simon to discuss the myths around incorporation and how many people we have seen benefit from doing this.

Simon explains how we have seen one case in the last two years where it’s not been worth the client incorporating. Sometimes it’s a matter of waiting 6 months to see the full benefits, but for the majority of people it comes with huge benefits. On average we see tax savings of around £20,000 per year for each client.

Watch the short video below for further details.

The information contained in this article is based on the opinion of Hive Business and does not constitute formal tax advice. Any tax outcomes will be based on individual circumstances, tax legislation and regulation, which are subject to change in the future. You should seek specific advice before embarking on any course of action. Hive Business does not provide regulated Financial Advice, including advice on investment, insurance or lending products or their suitability for you. This article is provided for information only and does not constitute, and should not be interpreted as, investment advice or a recommendation to buy, sell or otherwise transact, or not transact, in any investment including Bitcoin and other crypto. Any use you wish to make of any information contained within this article is, therefore, entirely at your own risk.

By Ross Martin Group Chairman
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